India Budget: 100% FDI on marketing food products; Foreign investment in bourses and ARC norms eased

In three significant decisions, the Union Budget 2016-17 allowed 100 per cent foreign direct investment on marketing of food products made in India. It also allowed individual foreign investors to hold up to 15 per cent in a stock exchange, up from the current 5 per cent. The government has agreed to ease norms governing asset reconstruction companies (ARCs).